Oil Sands

Surprising to many, Canada is the No. 1 oil exporter to the United States. Increasingly, these supplies come from Canada’s oil sands in northern Alberta. That province’s estimated oil sands deposits are in excess of 1.7 trillion barrels of crude bitumen. More than $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects. Venezuela and California are also heavy oil producers.

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Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

COMPANY NEWS: Robust oil, gas prices fuel firms' 4Q earnings

Feb 5, 2001 The initial trickle of US and Canadian oil and gas companies' fourth quarter and yearend 2000 earnings shows an industry well on its way to bolstering its financial strength.

Major gas projects fuel surge in long-term plans

Feb 5, 2001 Long-term, worldwide plans for oil and natural gas pipelines jumped over the past year in evidence that operators may be responding to anticipated production increases which are in turn a response to unexpectedly strong prices since mid- 1999.

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Mar 5, 2001 Is OPEC playing "chicken" again with oil markets?

OGJ Newsletter

Mar 26, 2001 Higher oil prices and a slowing economy-a slowdown that those higher oil prices are contributing to-are cutting into oil demand growth.

O Canada, indeed

Apr 2, 2001 As OGJ readers know, the anthemic superlative indicated by the above headline might just as easily apply to an assessment of Canada's energy resource prospects as it does to its citizens' patriotism.

Capital Spending Outlook: Strong oil, gas prices continue to fuel capital spending

Apr 9, 2001 The copious pool of funds derived from the past year and a half's strong crude oil and natural gas prices allows for the healthy capital investment of 2000 to continue in 2001.

Aquaconversion technology offers added value to E. Venezuela synthetic crude oil production

May 14, 2001 The vast reserves of extra-heavy crude oil in eastern Venezuela are awaiting the introduction of lower-capital-cost technologies to make them available to the oil market.

OGJ Newsletter

May 28, 2001 Has the linkage of natural gas and oil pricing returned for good?

COMPANY NEWS: Conoco's takeover of Gulf Canada leads latest merger wave

Jun 4, 2001 Conoco also will assume some $2 billion, or $3.1 billion (Can.), of Gulf Canada's net debt, preferred stock, and minority interest.

Finding, mapping temperature anomalies can aid oil, gas exploration

Jun 4, 2001 Negative temperature anomalies exist above and positive temperature anomalies below hydrocarbon deposits.

OGJ Newsletter

Jun 4, 2001 Unless hot weather settles in soon, a blistering gas storage injection pace will begin to reverse expectations about exceptionally high US gas prices this summer.

Canada applauds Bush plan for continental energy market

Jun 4, 2001 Ottawa and Canandian oil industry leaders have responded enthusiastically to plans by the administration of US President George W. Bush for a continental energy policy in which Canada would play an expanding role.

OGJ Newsletter

Aug 20, 2001 IEA has left its estimate of worldwide oil demand growth unchanged in its latest report, but the total numbers have shifted upwards as the agency has revised its non-OECD demand figures back to 1999.

PERSONNEL MOVES AND PROMOTIONS: Enron adds two company vets to chairman office

Sep 3, 2001 Following the surprise resignation of Jeff Skilling as CEO and president last month, Enron Corp. early last week promoted two company veterans from its wholesale services group to help lead the Houston energy giant.

OGJ Newsletter

Sep 10, 2001 Cuts in crude oil production set to take effect this month by members of the Organization of Petroleum Exporting Countries will depress oil tanker shipping rates as they drive up world crude oil prices.
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